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751
27.11.2025
reserve assets, $ bn
57
51
41
30
29
Net incurrence of liabilities
9
1
5
6
7
Net acquisition of financial assets, net of reserve
vs 32 bp in September).
Until the end of the September required reserve (RR) averaging period (AP),1 banks demonstrated
stable demand for liquidity in
2025 2026 2027 2028
Foreign assets (excluding reserves) Foreign liabilities Change in reserves Financial account balance (including reserves)
* In the balance item, ‘–’ denotes net borrowing
International Reserves of the Russian Federation*.......................................................................................................................... 16
1.8. International Reserves and Foreign Currency Liquidity — Russia................................................................................................... 17
1.9. International Reserves Adequacy (International Reserves in
increase in overdue payments, impairment of collateral and the need for extra reserves.65 As
regards liabilities, there may be an outflow of deposits, driven
of Inflation Persistent? Evidence from a Novel
Decomposition of PCE Inflation. Federal Reserve Bank of Boston Current Policy Perspectives. November 4, 2022.
11 TALKING TRENDS
757
24.10.2025
Novosti):
Central Bank data show that gold holdings in Russia’s international reserves were up in September for the first time in a year and
excluding reserve assets 57 51 41 30 29
Net incurrence of liabilities 9 1 5 6 7
Net acquisition of financial assets, excluding reserve assets
vs 17 bp in August).
Until the end of the August required reserves (RR) averaging period (AP),1 the spread between
money market rates and
International Reserves of the Russian Federation*.......................................................................................................................... 16
1.8. International Reserves and Foreign Currency Liquidity — Russia................................................................................................... 17
1.9. International Reserves Adequacy (International Reserves in